| Schedule of Calculation of Basic and Diluted Loss Per Share |
The following table presents the calculation of basic and diluted loss per share of Class A common stock:
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Three months ended September 30, |
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Nine months ended September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Numerator: |
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Net income (loss) attributable to XPO Inc. |
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$ |
4,908 |
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$ |
(6,746 |
) |
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$ |
(743 |
) |
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$ |
(8,059 |
) |
Less: net loss (income) attributable to noncontrolling interests |
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(699 |
) |
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2,419 |
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90 |
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3,879 |
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Less: dividends on preferred shares |
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— |
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(1,898 |
) |
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— |
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(5,694 |
) |
Net income (loss) attributable to XPO Inc. - basic |
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4,209 |
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(6,225 |
) |
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(653 |
) |
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(9,874 |
) |
Add: net income attributable to non-controlling interests |
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699 |
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— |
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— |
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— |
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Net income (loss) attributable to XPO Inc. - diluted |
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$ |
4,908 |
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$ |
(6,225 |
) |
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$ |
(653 |
) |
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$ |
(9,874 |
) |
Denominator: |
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Weighted average shares of Class A common stock outstanding - basic |
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42,241 |
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35,110 |
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40,548 |
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34,669 |
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Effect of dilutive securities: |
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Conversion of Class B common stock to Class A common stock |
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7,030 |
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— |
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— |
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— |
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Weighted average shares of Class A common stock outstanding - diluted |
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49,271 |
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35,110 |
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40,548 |
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34,669 |
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Net earnings (loss) per share attributable to Class A common stock - basic |
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$ |
0.10 |
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$ |
(0.18 |
) |
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$ |
(0.02 |
) |
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$ |
(0.28 |
) |
Net earnings (loss) per share attributable to Class A common stock - diluted |
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$ |
0.10 |
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$ |
(0.18 |
) |
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$ |
(0.02 |
) |
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$ |
(0.28 |
) |
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Anti-dilutive shares excluded from diluted loss per share of Class A common stock: |
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Restricted stock units |
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2,434 |
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1,834 |
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2,434 |
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1,834 |
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Conversion of Class B common stock to Class A common stock |
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— |
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13,663 |
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7,026 |
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13,663 |
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Convertible preferred stock |
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— |
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8,112 |
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— |
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8,112 |
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Treasury share options |
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75 |
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75 |
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75 |
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75 |
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Rumble contingent shares |
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2,024 |
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2,024 |
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2,024 |
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2,024 |
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